Middle East & Africa

DUBAI: Abu Dhabi Islamic Bank will ask shareholders for permission to expand its existing Tier 1 sukuk issue, originally sold in 2012, by $2 billion to $3 billion, it said in a bourse filing on Thursday.The increase is subject to regulatory approval, the Abu Dhabi lender said.The Abu Dhabi lender will also ask shareholders to vote to increase the bank's capital by 168 million dirhams ($45.74 million) through a rights issue.Copyright Reuters, 2015 ...

NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill inched down to 8.167 percent at auction on Thursday from 8.357 percent last week, the central bank said. The bank offered 1 billion shillings ($10 million) worth of the bills, received bids worth 586 million shillings and accepted a total of 585 million shillings. Copyright Reuters, 2015 ...

LAGOS: Nigeria plans to sell 60 billion naira ($300 million) of 5, 10 and 20-year sovereign bonds on May 13, its fifth debt auction of the year, the Debt Management Office (DMO) said on Tuesday. The DMO said it would sell 20 billion naira each of the papers, due to mature in 2020, 2024 and 2034 respectively. The papers are re-openings of previous issues and the results of the auction will be published the following ...

PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bill fell to 1.57 percent at auction on Friday from 1.95 percent at the previous sale on March 20, the central bank said. The central bank, Bank of Mauritius, sold all the 700 million rupees ($19 million) worth of debt it had offered. Bids totalled 2.285 billion rupees, at rates ranging from 1.54 percent to 2.50 percent. Copyright Reuters, 2015 ...

KAMPALA: Yields on Uganda's new two-year and re-opened 15-year Treasury bonds rose at Wednesday's auction in which a total of 180 billion shillings ($62.61 million) worth of debt was on offer.The weighted average yield on the 2-year bond rose to 16.684 percent from 16.175 percent at their last sale on Jan. 28.The 15-year bond rates rose to 17.407 percent from 15.946 percent when the notes were last sold on December 3.The rise on the two ...

NAIROBI: The weighted average yield on Kenya's 364-day Treasury bill fell to 10.892 percent on Wednesday from 10.907 percent last week, the central bank said. The yield on the 182-day Treasury bill also nudged lower in the same auction to 10.367 percent from 10.377 percent last week. The bank said it received bids worth 16.7 billion shillings ($183 million) for a total of 6 billion shillings worth of bills on offer. It accepted 11.7 billion ...